COURSE SUMMARY

The LNG shipping sector has also been evolving rapidly in recent years in response to accelerated growth in the international gas markets and - as in other parts of the LNG supply chain - technological innovation is seen as the means of optimising costs and increasing cargo outturn. New players have entered the LNG shipping business and the LNG industry is increasingly looking for more flexible shipping arrangements. Larger ships, innovative ship designs, new containment and propulsion systems have been developed while safety and environmental factors remain foremost considerations in the construction and operation of these vessels.

This intensive three-day course is designed to take participants through all of the commercial, technical, operating, legislative and legal issues affecting the shipment of LNG from export to import terminal. This is accomplished through a combination of presentations, exercises and case studies under the direction of a team of expert speakers with practical experience of the LNG industry and shipping. The aim is to give participants the ability to assess opportunities and manage operational and commercial risks in LNG shipping.

This course on LNG shipping is presented in the context of the overall LNG supply chain:

How commercial shipping arrangements sit among the range of other agreements which exist between LNG producers, liquefaction parties, terminal operators;

How the shipping contract overlaps with GSA’s, SPA’s and import/export agreements;

The commercial, technical, regulatory, financial, legal and security risks that extend along the supply chain and which require the harmonization with the shipping sector;

Managing and optimising risk along the supply chain.

LNG transportation accounts for 10% to 30% of total LNG supply chain costs from upstream gas production through to terminalling and regasification on the import side. It is central, both figuratively and physically, to the LNG supply chain and the safe, efficient execution of LNG supply contracts.

What You Will Learn

The key drivers for LNG shipping

The development of the LNG carrier fleet, the outlook for the market and key players

Vessel operating costs and the determination of freight rates

Choices over the design of LNG carriers

Calculating vessel requirements

The impact of sales agreement terms on shipping

Shipping contracts and charter parties

LNG marine terminal operation

Please note: a laptop and up-to-date version of Office would be an advantage in order to engage in market data; however it is not essential.

MANAGER'S RETURN ON INVESTMENT

Upon completion of this course your employees will understand:

Identify and monitor the key drivers in the LNG shipping market

Understand the impact of key vessel design parameters on the calculation of shipping requirements for the individual projects

Prepare voyage estimates and calculate fright rates for potential business

Recognise the key clauses in shipping contract and charter parties and the impact of sales agreements on shipping

Understand the key aspects of terminal operations

WHO SHOULD ATTEND?

Delegates encouraged to attend include commercial and financial specialists, operators, planners and analysts working in shipping companies. In addition, sales, marketing and commercial personnel from LNG producers, suppliers and importers. For example, national producer companies, international oil and gas companies, utilities and industrial gas consumers are urged to attend. Port authorities and terminal operators, individuals and companies new to the LNG sector, bankers and lawyers advising on LNG and LNG shipping, terminal and supply projects, and regulators and government organisations having an interest in the LNG sector will find the course valuable.